40 Perth Road, Kitchener

$515,000
40 Perth Road

$515,000

Price Change
22d
Detached1 1/2 Storey

40 Perth Road, Kitchener

Total Monthly Obligation $2,683

Beds
3
Baths
1
Park
4
Sqft
700-1100
DOM
22d
Score
21
Yield
5.3%
Cash on Cash
-1.4%
Cap Rate
4.3%
5Y IRR
14.5%
10Y IRR
13.8%
Property Type-Detached
MLS® Number-X13847422
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-40 × 120 ft
Listed on site-Oct 1, 2026
Style-1 1/2 Storey
Building Type-Detached
Age-51-99
Taxes-$2,769.81 (2026)
Parking-4 - None
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-FLUX REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Aluminum Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Title-Residential Freehold

No agent assigned

Welcome to 40 Perth Road, a charming and pristine 1 1/2-storey home with 1,080 sq. ft. of renovated living space, a large private yard, and all of the important updates already completed. This move-in-ready home is an ideal fit for first-time buyers, young families, or anyone looking for a manageable home with room to grow. Conveniently located near St. Mary's General Hospital, schools, parks, shopping, everyday amenities, public transit, and quick expressway access. Step inside to an inviting main floor where large windows fill the living room with natural light, and warm-toned flooring creates a welcoming feel. The kitchen offers a classic white subway-tile backsplash set against stylish navy blue cabinetry and an abundance of natural light. Across the hall, a versatile additional room may serve as a third bedroom, home office, or dedicated dining room depending on your needs. Also on the main level is a beautifully updated 4-piece bathroom, along with a spacious laundry and mudroom with its own sink and convenient access to the backyard. Upstairs, you'll find two generously sized bedrooms tucked beneath the home's charming sloped rooflines, each with large windows and plenty of natural light. Downstairs, the clean and spacious basement provides excellent storage and additional possibilities for a workshop, home gym, or hobby space. Set on a large, mature lot, the expansive backyard offers plenty of room for kids and pets to play, summer entertaining, gardening, or simply relaxing beneath the surrounding mature trees. An 8'x 12' storage shed adds useful outdoor storage, while the private driveway accommodates up to four vehicles. Major updates include furnace (2025), A/C (2021), roof (2018), Washer & Dryer 2022, plumbing, painting, windows and electrical. 40 Perth Road is all ready for you-just unpack and make it yours.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$412,000
Land Transfer Taxes$6,775
Legal Fees (Est.)
$
Total cash required for closing$111,275

Total Monthly Obligation

$2,683/mo
Mortgage $2,077
Monthly Loss $2,137
Principal$547
Interest$1,531
Property Tax$231
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-7.0%1
5-Year IRR
10.1%36
10-Year IRR
10.7%
Returns Index
19.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$27,192/yr
NOI
$17,203/yr
Net Cash Flow
-$644/mo
Cash Margin
-28.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.6910
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo61
Risk Index
29.7/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 40 Perth Road

Time

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Data last updated within the past 24 hours.